£33m grant funding scheme launches

July 26, 2016

A new £33m funding scheme has launched for small and medium-sized businesses in the Marches.
Grants of between £10,000 and £200,000 are available for small and medium-sized businesses in Herefordshire, Shropshire and Telford & Wrekin from four new funding programmes.
They are the Business Development Programme, the Business Innovation Programme, the Green Bridge Supply Chain Programme and the HS2 Supply Chain Programme..
The Marches Growth Hub is promoting the schemes and providing free local support to businesses who wish to apply for the funds.
Graham Wynn OBE, Chairman of the Marches LEP, said: “Our businesses are ambitious, innovative and enterprising and they want to grow and create sustainable private sector jobs. This £33m programme will help them to do that.
“Whether they are looking to take advantage of supply chain opportunities for HS2, or to develop new products to gain a foothold in a growing low carbon sector, this is real, beneficial, business support on offer to companies across our region.”
HS2 Supply Chain Programme has grants of between £20,000 and £200,000 available towards project costs for supply chain companies which have, or are in the process of securing, or have the ability to secure a contract for HS2.
Grants of between £20,000 and £150,000 are available from the Green Bridge Supply Chain for supply chain companies operating in, or diversifying into, the green economy.
The Business Innovation Programme is offering grant support of £10,000 to £30,000 towards projects costs for SMEs investing in innovative close-to-market processes, products and services.
And businesses can apply for grants of between £10,000 and £20,000 from the Business Development Programme for project costs for businesses looking to expand, relocate and improve access to markets.
The four schemes make up the Business Growth Programme – managed by Birmingham City Council’s Business Development & Innovation Team and part-funded by the European Regional Development Fund. It offers a comprehensive package of business support to B2B small to medium sized enterprises (SMEs) based in the Greater Birmingham & Solihull, Stoke-on-Trent and Staffordshire, and The Marches LEP areas.
The Marches Growth Hub will be offering businesses guidance and support on the BGP, eligibility and the application process via its virtual hub and at its sites in Hereford, Telford and Shrewsbury, where business advisors will be on hand to talk through the opportunities on offer.
More information is available on the Marches Growth Hub website, www.marchesgrowthhub.co.uk/BGP or businesses can call the MGH helpline on 0345 6000 727 or email enquiries@marchesgrowthhub.co.uk

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The Marches Local Enterprise Partnership has now ceased trading and transferred all its functions to Shropshire Council working with Telford & Wrekin Council and Herefordshire Council, in line with the UK Government's plans for devolution.

The Marches LEP was established in 2011 and hands over an impressive legacy from its 13-year life. In that time the LEP invested over £196m in projects across the Marches, securing in excess of £100m of match funding and supported more than 66,000 business interactions.

The schemes supported have made tangible differences to local communities, increasing skills, creating jobs and improving the physical appearance of many towns.

We would like to thank all the LEP Board Members who have given their time freely over the life of the LEP, as well as all the staff who worked for the LEP over the years. We also want to thank our delivery partners, local education providers and local, regional and national stakeholders who helped us achieve so much.

The Marches Growth Hub will continue to support businesses and will be managed by Shropshire Council, supported by Telford and Wrekin and Herefordshire Councils. Each of the three Local Authorities will also continue to provide direct business support locally. Details of this support will be available through the Marches Growth Hub website and from the Local Authorities directly. Website: www.marchesgrowthhub.co.uk | email: enquiries@marchesgrowthhub.co.uk.

The Marches Careers Hub will continue to be delivered and will be managed by Shropshire Council, supported by Telford & Wrekin and Herefordshire Councils. Website: www.marchescareershub.co.uk | email: info@marchescareershub.co.uk

For any queries about Getting Building Fund (GBF), Local Growth Fund (LGF) and Marches Investment Fund (MIF) projects supported by the Marches LEP please contact: gary.spence@shropshire.gov.uk

For any finance queries please contact: michelle.hodgkiss@shropshire.gov.uk

The solvent liquidation of the Marches LEP is being managed by the Evelyn Partners Limited. For any matter related to this please contact: Camilla.Mulholland@evelyn.com

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